News Release

Republic Airways Reports a 40% Increase in February 2008 Traffic

INDIANAPOLIS, Mar 04, 2008 (BUSINESS WIRE) -- Republic Airways Holdings (NASDAQ: RJET), today reported
preliminary passenger traffic results for February 2008. The company
generated 712.7 million revenue passenger miles (RPMs), a 39.7%
increase over the same month last year, while available seat miles
(ASMs) increased 37.9% to 1.0 billion. Block hours were 60,136 in
February 2008, a 31.3% increase over February 2007. Load factor was
70.0% versus 69.1% in February 2007. A total of 1,389,943 passengers
were carried during the month, a 43.3% increase over the same month
last year.

Republic Airways Holdings, based in Indianapolis, Indiana is an
airline holding company that owns Chautauqua Airlines, Republic
Airlines and Shuttle America. The airlines offer scheduled passenger
service on approximately 1,300 flights daily to 120 cities in 37
states, Canada, Mexico and Jamaica through airline services agreements
with six U.S. airlines. All of the airlines' flights are operated
under their airline partner brand, such as AmericanConnection,
Continental Express, Delta Connection, Frontier Airlines, United
Express and US Airways Express. The airlines currently employ
approximately 5,000 aviation professionals and operate 222 regional
jets.

"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: Statements in this press release regarding Republic
Airways Holdings's business which are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion of such
risks and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see the summary of risk factors contained
in our earnings release.